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2. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/heads-freelancer-small-business...

   Last month, the IRS issued official notice that for calendar year 2024 the dollar-limit threshold would drop to $5,000 and further announced the 2025 threshold would be $2,500. Only in 2026 is the ...

3. IRS delays 1099-K rules for ticket sales, announces new ... - AOL

   www.aol.com/irs-delays-1099-k-rules-180002651.html

   The IRS based the estimate on information from a few large filers and some states that had enacted a similar reduction filing threshold. About 44 million 1099-K forms were expected to be issued in ...

4. 4 Things Small Business Owners and Freelancers Should ... - AOL

   www.aol.com/4-things-small-business-owners...

   “For small business owners and freelancers navigating the 1099-K filing, ... Vermont, Virginia and the District of Columbia have a $600 threshold for requiring 1099-K in effect for 2023 ...

5. Form 1099-K - Wikipedia

   en.wikipedia.org/wiki/Form_1099-K

   Form 1099-K, 2015. In the United States, Form 1099-K "Payment Card and Third Party Network Transactions" is a variant of Form 1099 used to report payments received through reportable payment card transactions (such as debit, credit, or stored-value cards) and/or settlement of third-party payment network transactions. [1]

6. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

7. IRS ditches new tax requirement for now that would have ... - AOL

   www.aol.com/finance/irs-ditches-tax-requirement...

   The Internal Revenue Service is delaying the new $600 reporting threshold for 1099-K tax forms, a move many tax experts believe will help avoid potential chaos this upcoming filing season.